A gaggle of U.S. federal businesses on Tuesday stated they plan subsequent yr to start out delineating how banks can legally get entangled within the rising box of cryptocurrencies.

The businesses will focal point on what actions banks can legally take part in, and description regulations to make sure protection, shopper coverage and compliance with present rules, stated the joint statement from the Federal Reserve, Federal Deposit Insurance coverage Corp. and the Place of business of the Comptroller of the Forex.

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